SB 790: Tax Credits
GENERAL BILL by Altman
Tax Credits; Revises the priority of tax credits that may be taken against the corporate income tax or the franchise tax. Authorizes aerospace-sector jobs tax credits and tuition reimbursement tax credits. Authorizes a tax credit to aerospace businesses based on the salary or tuition reimbursed to certain employees. Specifies the maximum annual amount of tax credits for an aerospace business. Provides fines and criminal penalties for certain unlawful claims of tax credits, etc.
Effective Date: 1/1/2012
Last Action: 5/7/2011 Senate - Died in Budget, companion bill(s) passed, see CS/HB 143 (Ch. 2011-76)
Bill Text: Web Page | PDF
Last Action: 5/7/2011 Senate - Died in Budget, companion bill(s) passed, see CS/HB 143 (Ch. 2011-76)
Bill Text: Web Page | PDF
Senate Committee References:
- Commerce and Tourism (CM)
- Budget (BC)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/3/2011 | Senate |
• Filed |
| 2/9/2011 | Senate |
• Referred to Commerce and Tourism; Budget -SJ 62 |
| 3/8/2011 | Senate |
• Introduced -SJ 62 |
| 4/7/2011 | Senate |
• On Committee agenda-- Commerce and Tourism, 04/12/11, 9:15 am, 401 Senate Office Building |
| 4/12/2011 | Senate |
• Favorable by Commerce and Tourism; YEAS 6 NAYS 1 -SJ 468 • Now in Budget -SJ 468 |
| 5/7/2011 | Senate |
• Indefinitely postponed and withdrawn from consideration • Died in Budget, companion bill(s) passed, see CS/HB 143 (Ch. 2011-76) |
